International Business Machines Co. (NYSE:IBM) Position Increased by SYM FINANCIAL Corp

SYM FINANCIAL Corp increased its stake in shares of International Business Machines Co. (NYSE:IBM) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,299 shares of the technology company’s stock after buying an additional 496 shares during the quarter. SYM FINANCIAL Corp’s holdings in International Business Machines were worth $505,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its position in International Business Machines by 40.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 572 shares of the technology company’s stock valued at $126,000 after purchasing an additional 166 shares during the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in shares of International Business Machines during the fourth quarter valued at approximately $1,940,000. Philip James Wealth Mangement LLC acquired a new position in shares of International Business Machines during the third quarter worth approximately $5,117,000. Nordea Investment Management AB boosted its position in shares of International Business Machines by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 75,638 shares of the technology company’s stock worth $16,615,000 after buying an additional 4,625 shares during the period. Finally, M.E. Allison & CO. Inc. bought a new position in International Business Machines in the 4th quarter worth approximately $1,034,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Down 1.1 %

Shares of International Business Machines stock opened at $255.48 on Friday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $261.80. The firm has a market capitalization of $236.23 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The stock’s fifty day moving average is $226.61 and its 200-day moving average is $214.36.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.37% and a net margin of 9.60%. Equities analysts anticipate that International Business Machines Co. will post 10.54 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is 104.21%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. StockNews.com cut shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein upped their price target on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Finally, Bank of America raised their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $225.53.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.